AliciaP1
Expert Alumni

Home loans

Yes, but it's actually 2 entries.  You are not required to enter the 1099-K details specifically.  You just need to ensure you have reported all the income that is reflected on the 1099-K.  

 

To report the personal item and coin sales you can follow these steps in TurboTax Home & Business:

  1. Search for 1099-K and select the Jump to link at the top of the search results
  2. When you get to the Choose which type of income your 1099-K is for screen select Personal item sales and Continue
  3. For box 1a only enter the amount you received for your non-retail business sales
  4. Click Done
  5. Go back to the Wages & Income screen and click Edit for Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
  6. Click Review for the 1099-K you entered and here you can enter the expenses and details for the items you sold

To enter your retail business income you can follow these steps in TurboTax Home & Business:

  1. Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
  2. Answer Yes on the Did you have any self-employment income or expenses? screen
    • If you land on the Your 2022 self-employed work summary page, select Review next to the work you're adding income for
  3. Answer the questions on the following screens until you arrive at Let's enter the income for your work
  4. Scroll down to the Income section and click Add income for this work
  5. Choose Other self-employed income and Continue

See What self-employed expenses can I deduct? to get all the business deductions you can take.

 

@CombatWombat 

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